The goal that does not take a lot of time to be achieved is referred to as short-term goals. This are the goals set to be achieved in a short duration of time thus do not require a lot of resources and planning. The examples of personal short-term goals are like setting the time to wake up in the morning to start some work. A given company may have a short-term goal of decreasing the operating expenses in a given period. Therefore, the goals depend on the type of operations that one is involved in and how much time needed to achieve them.